Diageo (LON:DGE) Given a GBX 3,200 Price Target by JPMorgan Chase & Co. Analysts

JPMorgan Chase & Co. set a GBX 3,200 ($41.81) price objective on Diageo (LON:DGE) in a research note published on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.

Several other research firms have also recently issued reports on DGE. Deutsche Bank raised SUN ART RETAIL/ADR from a hold rating to a buy rating in a research report on Wednesday, July 3rd. Kepler Capital Markets reaffirmed a hold rating on shares of HEIDELBERGCEMEN/ADR in a research report on Tuesday, July 9th. Credit Suisse Group reaffirmed an outperform rating and set a GBX 2,012 ($26.29) price objective on shares of Aston Martin Lagonda Global in a research report on Wednesday, May 1st. Citigroup upped their price objective on Cyberark Software from $111.00 to $130.00 and gave the stock an outperform rating in a research report on Wednesday, May 15th. Finally, Investec raised Standard Chartered from a hold rating to a buy rating in a research report on Monday, March 25th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of GBX 3,224.41 ($42.13).

LON:DGE opened at GBX 3,391 ($44.31) on Wednesday. The business’s 50-day simple moving average is GBX 3,391.36. The firm has a market cap of $80.43 billion and a PE ratio of 28.42. Diageo has a 1 year low of GBX 2,513 ($32.84) and a 1 year high of GBX 3,500.50 ($45.74). The company has a current ratio of 1.48, a quick ratio of 0.72 and a debt-to-equity ratio of 109.30.

About Diageo

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.

Further Reading: Cash Asset Ratio

Analyst Recommendations for Diageo (LON:DGE)

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